Mergers by Year
Bank Mergers in 2021
173 banks were acquired or merged into another institution in 2021, and 158 credit unions merged, according to the Federal Reserve's National Information Center (NIC). The largest bank deal was BBVA USA into PNC Bank, N.A., effective October 9, 2021; the acquired bank reported $87.22B in assets before the deal. NIC recorded 437 merger records in 2021 against 437 in 2020.
Largest bank mergers of 2021
Ranked by the acquired bank's total assets at its last call report before the effective date.
| Effective | Acquired bank | Assets | Acquirer |
|---|---|---|---|
| Oct 9, 2021 | BBVA USA | $87.22B | PNC Bank, N.A. |
| Oct 29, 2021 | Cadence Bank, N.A. | $19.74B | Cadence Bank |
| Nov 13, 2021 | Century Bank and Trust Company | $7.11B | Eastern Bank |
| Nov 13, 2021 | East Boston Savings Bank | $6.13B | Rockland Trust Company |
| Oct 1, 2021 | Central Bank of the Midwest | $4.09B | The Central Trust Bank |
| Oct 1, 2021 | Altabank | $3.65B | Glacier Bank |
| Oct 1, 2021 | EnerBank USA | $3.13B | Regions Bank |
| Dec 1, 2021 | West Suburban Bank | $2.90B | Old Second National Bank |
| Oct 1, 2021 | Central Bank of Boone County | $2.80B | The Central Trust Bank |
| Oct 1, 2021 | Central Bank of St. Louis | $2.45B | The Central Trust Bank |
| Dec 18, 2021 | First Florida Integrity Bank | $2.39B | First Foundation Bank |
| Oct 1, 2021 | Merchants Bank of Commerce | $1.95B | Columbia State Bank |
| Oct 1, 2021 | Central Bank of The Ozarks | $1.92B | The Central Trust Bank |
| Oct 16, 2021 | Select Bank & Trust Company | $1.82B | First Bank |
| Dec 4, 2021 | Essex Bank | $1.77B | United Bank |
Credit union mergers in 2021
158 credit unions merged into another institution. NCUA 5300 asset figures are not loaded for 2021.
Every merger recorded in 2021
437 NIC merger records in 2021 involve a bank, credit union or bank holding company on at least one side, newest first.
| Date | Acquired institution | Acquirer |
|---|---|---|
| Dec 31, 2021 | Shambhala Credit Union | Meritrust Credit Union |
| Dec 31, 2021 | TD Auto Finance LLC | TD Bank, N.A. |
| Dec 31, 2021 | One Mortgage Partners Corp. | JPMorgan Chase Bank, N.A. |
| Dec 31, 2021 | Central Mortgage Company | The Central Trust Bank |
| Dec 31, 2021 | Progrowth Financial Services, Inc. | Progressive Growth Corp. |
| Dec 31, 2021 | Synectic Solutions, Inc. | Progressive Growth Corp. |
| Dec 31, 2021 | Progressive Service Corp. | Progressive Growth Corp. |
| Dec 22, 2021 | Pilot Bank | Lake Michigan Credit Union |
| Dec 21, 2021 | Municipal Employees Credit Union | Laporte Community Federal Credit Union |
| Dec 19, 2021 | Wells Fargo Insurance, Inc. | Wells Fargo & Company |
| Dec 18, 2021 | First Capital Bank | Planters Bank & Trust Company |
| Dec 18, 2021 | TGR Financial, Inc. | First Foundation Inc. |
| Dec 18, 2021 | Germantown Capital Corporation, Inc. | Planters Holding Company |
| Dec 18, 2021 | First Florida Integrity Bank | First Foundation Bank |
| Dec 16, 2021 | Bots, Inc. | Community Bancshares, Inc. |
| Dec 11, 2021 | United Southwest Bank | First Independent Bank |
| Dec 11, 2021 | NXT Bank | Heartland Bank and Trust Company |
| Dec 11, 2021 | Bank of Louisiana | Peoples Bank & Trust Co. |
| Dec 10, 2021 | Cornerstone Bank | Bank7 |
| Dec 8, 2021 | Two Rivers Bank | RVR Bank |
| Dec 8, 2021 | Cache Bank and Trust | Mountain Valley Bank |
| Dec 6, 2021 | McGregor Banco, Inc. | Midcountry Acquisition Corp. |
| Dec 4, 2021 | Texico State Bank | Legence Bank |
| Dec 4, 2021 | CJM Financial, Inc. | First Bank & Trust |
| Dec 4, 2021 | Community Bankers Trust Corporation | United Bankshares, Inc. |
| Dec 4, 2021 | Burton Bancshares, Inc. | C.S.B. Bancshares, Inc. |
| Dec 4, 2021 | Investors Community Bank | Nicolet National Bank |
| Dec 4, 2021 | County Bancorp, Inc. | Nicolet Bankshares, Inc. |
| Dec 4, 2021 | Tripoli Bancshares, Inc. | Readlyn Bancshares, Inc. |
| Dec 4, 2021 | Essex Bank | United Bank |
| Dec 4, 2021 | First Midwest Bank of the Ozarks | First Midwest Bank of the Ozarks |
| Dec 4, 2021 | American Savings Bank | The Readlyn Savings Bank |
| Dec 4, 2021 | Burton State Bank | Citizens State Bank |
| Dec 4, 2021 | Rowley Savings Bank | Bankiowa |
| Dec 4, 2021 | Iowa Prairie Bank | Iowa State Bank |
| Dec 1, 2021 | Riverview Financial Corporation | Mid Penn Bancorp, Inc. |
| Dec 1, 2021 | Freehold Bancorp | Columbia Financial, Inc. |
| Dec 1, 2021 | Freehold MHC | Columbia Financial, Inc. |
| Dec 1, 2021 | The Westchester Bank Holding Corporation | Valley National Bancorp |
| Dec 1, 2021 | The Westchester Bank | Valley National Bank |
| Dec 1, 2021 | FBD Holding Company, Inc. | Builtwell Bancorp, Inc |
| Dec 1, 2021 | FNBH Bancorp, Inc. | Arbor Bancorp, Inc. |
| Dec 1, 2021 | West Suburban Bancorp, Inc. | Old Second Bancorp, Inc. |
| Dec 1, 2021 | Tenn-Am Water Company Federal Credit Union | Epb Employees Credit Union |
| Dec 1, 2021 | International City Bank Federal Savings Bank | United Fidelity Bank, FSB |
| Dec 1, 2021 | White Gold Employees Credit Union | Pelican Credit Union |
| Dec 1, 2021 | Riverview Bank | Mid Penn Bank |
| Dec 1, 2021 | First National Bank in Howell | Bank of Ann Arbor |
| Dec 1, 2021 | Fiafe Federal Credit Union | Securityplus Federal Credit Union |
| Dec 1, 2021 | Topeka City Employees Credit Union | Communication Federal Credit Union |
Bank mergers by year
Source: Federal Reserve National Information Center (NIC) transformations, type "merger". A record counts when a bank, credit union or bank holding company is on at least one side. NIC also logs internal consolidations, such as a subsidiary bank folded into a sister bank, so a record is not always an arm's-length deal. Asset figures come from FFIEC call reports (banks) and NCUA 5300 call reports (credit unions). Credit union mergers appear in the NIC records from 2013 on.
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